Facilitator for aggregating buyer power in an on-line market system
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United States of America Patent
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Jun 24, 2003
Grant Date -
N/A
app pub date -
Jun 8, 1999
filing date -
Jan 12, 1999
priority date (Note) -
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status (Latency Note)
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Abstract
The Online Buyers Club System (OBCS) is a mechanism for the online purchasing of goods and services. The mechanism is targeted at user communities consisting of a large number of small-volume buyers (the 'Buyers Club'). The primary function of the mechanism is to automatically aggregate the buying power of these buyers. The present invention provides a mechanism to promote competition among vendors as well as a mechanism to incent buyers to make a purchase.
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